Crypto Hackers Swipe $71M in November, Pushing Yearly Total to $1.48B
Cryptocurrency hackers continue to damage the industry’s reputation, with the annual worth of cyberattacks approaching $1.5 billion. Cryptocurrency hackers continue to harm the industry’s reputation, with the total value stolen through cyberattacks in 2024 nearing $1.5 billion. According to an Immunefi report shared with Cointelegraph, hackers stole over $71 million worth of digital assets in […]
MicroStrategy’s MarketCap Sees 4 Days Drop Amid BTC Correction
MicroStrategy’s market capitalization experienced its most significant four-day decline in history, prompting inquiries regarding its status as a leveraged Bitcoin investment vehicle. The company’s market value decreased by more than 35% from its apex on November 21, resulting in over $30 billion loss. The Kobeissi Letter, which emphasized the decline in a November 26 X […]
Ripple, Archax Launch First Tokenized Money Market Fund on XRP Ledger
Ripple’s XRP Ledge will start tokenize asset management abrdn’s $4.77 billion US dollar Liquidity Fund. Blockchain payments firm Ripple has announced the debut of the first tokenized money market fund on the XRP Ledger. The fund is based on asset manager abrdn’s $4.77 billion (3.8 billion British pounds) US Dollar Liquidity Fund. Partnership with Archax Enables […]
Singapore Gulf Bank Eyes $50M for Stablecoin Firm Acquisition
Singapore Gulf Bank seeks to sell an equity share to fund product expansion and a 2025 stablecoin payments acquisition. Singapore Gulf Bank, a crypto-friendly digital bank, is reportedly seeking a minimum of $50 million in funding as it plans to acquire a stablecoin payments company by 2025. On November 25, Bloomberg reported that Singapore Gulf […]
Germany’s Biggest Insurer Allianz Acquires 24% of MicroStrategy’s $2.6B Notes
Pseudonymous analyst Petruschki provided data from the Bloomberg Terminal that showed the insurance giant had invested in four different sub-organizations. Germany’s largest insurance company, Allianz, has reportedly acquired nearly a quarter of MicroStrategy’s $2.6 billion convertible note offering, reflecting the growing institutional interest in Bitcoin. Allianz, the second-largest insurer in Europe, purchased 24.75% of MicroStrategy’s note […]